The group named Jiguisseme of the Sinjiya association consists of 4 married women, with an average age of 28 years, and they each have 3 children. Most of them live in with their families in Medine, a quarter in the city of Sikasso, the 3rd administratrive region of Mali.
They are currentlyh on their sixth loan with the microfinance institution of Soro Yiriwaso (Kiva Field Partner). Their goal is to meet the demands of their clientele.
They carry out various activities, amoung which, is the sale of fruit.
With this new loan they plan on purchasing 25 crates of fruit (oranges and bananas). They are merchants in the large market in the city of Sikasso and in the surrounding villages. They sell their merchandise in the market, or throughout the city quarters, and among family. Their clientele is made up of men and women and they mostly pay in cash.
They forsee having a monthly earning of 23.000 FCFA where a portion will be reinvested back into the business and another portion will be used as savings.
Elles sont à leur sixième collaboration avec l’institution de microfinance Soro Yiriwaso dans le but de satisfaire le besoin de leur clientèle.
Elles mènent diverses activités qui sont entre autres la vente de fruits.
Avec ce nouveau prêt, elles comptent acheter, 25 chargements de charrette en fruits (orange et banane). Elles s’approvisionnent au grand marché de Sikasso ville et dans les villages environnants.
Les marchandises sont vendues au marché, de façon ambulante dans les quartiers, dans la famille, à une clientèle composée d’hommes et de femmes et la plupart au comptant.
Elles envisagent réaliser chacune un bénéfice mensuel moyen de 23.000 FCFA dont une partie sera réinvestie dans les activités et l’autre partie servira d’épargne.
Important InformationSoro Yiriwaso is a microfinance institution that works primarily in rural and semi-urban areas of Mali to provide underprivileged communities with access to financial services.The organization facilitates access for disadvantaged clients, particularly women, to new resources and services, fostering solidarity and cooperation among its clients. Kiva lenders’ funds will enable Soro Yiriwaso to expand its outreach and target even more underserved Malians involved in business and agriculture.
This is a Group Loan
In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.
Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.
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